XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Total revenues $ 21,222,910 $ 11,370,337
Cost of revenues    
Total cost of revenues 14,789,859 6,589,538
Gross profit 6,433,051 4,780,799
Operating expenses    
Compensation, taxes and benefits 3,634,296 2,555,036
General and administrative 2,940,094 1,640,892
Total operating expenses 6,574,390 4,195,928
(Loss) income from operations (141,339) 584,871
Other income (expense)    
Other income 49,828 47,982
Loss on redemption of non-participating preferred units   (590,689)
Contingent loss on early termination of line of credit (299,770)  
Interest expense (1,017,301) (713,787)
Total other expense (1,267,243) (1,256,494)
Loss before taxes (1,408,582) (671,623)
Tax (benefit) (74,648) 0
Net loss $ (1,333,934) $ (671,623)
Net loss per common share:    
Basic $ (0.09) $ (0.09)
Diluted $ (0.09) $ (0.09)
Weighted-average number of shares of common stock outstanding:    
Basic 14,575,845 7,106,471
Diluted 14,575,845 7,106,471
Buy-side advertising    
Revenues    
Total revenues $ 7,439,666 $ 5,831,041
Cost of revenues    
Total cost of revenues 2,949,153 2,069,346
Sell-side advertising    
Revenues    
Total revenues 13,783,244 5,539,296
Cost of revenues    
Total cost of revenues $ 11,840,706 $ 4,520,192